Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Galxe DAO proposes to change token symbol from ‘GAL’ to ‘G’

AltcoinsJun 6

Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote for GP25 is now live until April 26th! ⏳ Proposal: Token Symbol and Token Contract Migration – from GAL to G Vote now: https://t.co/Obbs6yqJ8Y Claim Voter Badge OAT here: https://t.co/640Fxaq9rl — Galxe DAO (@GalxeDAO) April 21, 2024 The proposal outlines several key benefits, including a…

Hong Kong Police Tackle Surge in Counterfeit Currency Linked to Crypto Frauds

LegalJun 6

Hong Kong police have issued new warnings about the surge in counterfeit banknotes. This alarming trend has seen such fakes used in elaborate crypto frauds. As currency and digital assets continue to evolve, the intertwining of traditional counterfeiting with modern financial scams presents a complex challenge for law enforcement and regulatory bodies. Hong Kong Authorities Crack Down on Counterfeit Banknotes According to the South China Morning Post, authorities confiscated 3,396 fake notes between January and April this year. This is a stark increase from the 553 bills seized during the same period last year, which had a total face value…

Binance to release 15K USDT for new users of “Buy Crypto” scheme

ExchangesJun 6

Binance intends to disseminate 15,000 USDT in the form of token vouchers to the new wave of users who are purchasing crypto and making fiat deposits through their “Buy Crypto” program. Incidentally, Binance is an internationally renowned cryptocurrency exchange. For the exchange, this will be a critical segment of its promotional initiative, scheduled to take place from June 5 to June 25. The participants will be those who have not yet implemented the program. To meet the eligibility criteria, users are required to get themselves listed on the activity page, following which they will be expected to carry out their…

Michael Saylor Issues Bullish BTC Call as Bitcoin Price Hits $72,000

BitcoinJun 6

Bitcoin, the first and largest cryptocurrency by market value, extended its recovery from the weekend to surpass $72,000. This remarkable rebound is more than just a figure; it is a monument to the unwavering trust of its supporters, among whom MicroStrategy Chairman Michael Saylor is a strong advocate. In a recent tweet, Michael Saylor urges Bitcoin to "ascend." Saylor has long been a bullish figure in the crypto community, and his recent call for Bitcoin to "ascend" seems to have coincided with the crypto currency's latest surge. Ascend #Bitcoin pic.twitter.com/gtK8lRx5Il — Michael Saylor⚡️ (@saylor) April 7, 2024 Bitcoin's price has…

Bulls Face Critical Resistance at $3,900

EthereumJun 6

Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at $3,842. The recent spike in volume corresponding with a significant upswing indicates strong buying interest. Ether’s price oscillation between $3,750 and $3,840, followed by a slight pullback from the resistance at $3,842.5, suggests a potential retracement. ETH/USD daily chart. The 4-hour chart reveals broader support…

Cardano (ADA) Skyrockets 500% in Fund Flows as Bulls Take Charge

AltcoinsJun 6

In a recent revelation by CoinShares, Cardano (ADA) has emerged as a frontrunner on the cryptocurrency market, witnessing a staggering 500% surge in fund flows within the past week. The weekly report on fund flows in cryptocurrency-focused investment products revealed that investments tied to Cardano reached a remarkable $1 million mark, marking a significant shift in investor sentiment toward the 10th largest capitalized cryptocurrency. This surge in investment comes on the heels of a stagnant period, where Cardano-centric investment products experienced a lack of movement in the preceding week, with neither inflows nor outflows recorded. Just two weeks prior, in…

Mexico's Crypto Stance Unlikely to Change as Ruling Morena Party's Claudia Sheinbaum Elected President

LegalJun 6

Claudia Sheinbaum is the first woman to be elected the president of Mexico. Sheinbaum's party has not proposed a comprehensive policy for crypto, but has imposed a 20% tax on crypto gains and reflected a focus on regulating blockchain. Mexico City’s former mayor, Claudia Sheinbaum, was elected president of Mexico to become the first woman to hold that position, according to multiple reports including The New York Times. The result signals the probable continuation of Mexico's crypto policy because Sheinbaum is from the ruling Morena party. Her predecessor, Andres Manuel Lopez Obrador, could not run again under the constitution. Sheinbaum…

MasterCard Crypto Credential Launches Seamless Crypto Transfers to Global Users

ExchangesJun 6

MasterCard announced the launch of the MasterCard Crypto Credential, a service aiming to make crypto transfers easier and less complex. This service will enable users to send and receive crypto using their aliases instead of typing out long and complex blockchain addresses, a problem that has seen millions of dollars lost during transactions. According to the team, the solution is already enabled on various exchanges, including Bit2Me, Lirium and Mercado Bitcoin exchanges, as well as new additions such as Foxbit, a crypto wallet provider and Lulubit, which is integrated with Lirium. The service will be piloted in Latin America and…

Despite Criticism, Lightning Network Continues Seeing Major Rollouts

BitcoinJun 6

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin’s revolutionary Lightning Network has seen two major rollout initiatives begin in the last month, with new access for both the Southeast Asian region and Coinbase worldwide; nevertheless, it faces increased criticism that the entire protocol is fundamentally flawed. The Lightning Network is a Layer-2 protocol being developed on Bitcoin’s blockchain with the ambitious aim of trying to solve Bitcoin’s scalability…

800 Thousand ETH worth 3 Billion Dollars Bought! Who Bought These ETHs?

EthereumJun 6

Last week, the SEC approved spot Ethereum ETFs, following Bitcoin ETFs. However, while the final approval was not yet received, investors started to prepare for the final approval. At this point, the CryptoQuant analyst said that since the SEC approved spot Ethereum ETFs, more than 800,000 ETH worth approximately $3 billion have left crypto exchanges. Pointing out that a similar situation occurred for BTC in January, the analyst thinks that ETHs issued from the stock exchanges were purchased by unknown persons or institutions. The analyst said that behind the record outflow of 800 thousand Ethereum worth approximately $ 3 billion…